May 01, 2002

Selecting a Trust Situs in the 21st Century (2002, 16:03)

Selecting a Trust Situs in the 21st Century

Probate and Property, March/April 2002, Volume 16, Number 2

By John A. Warnick and Sergio Pareja

While members of Congress vigorously debate the advantages and disadvantages of keeping the current transfer tax system, states rapidly are enacting laws that entice long-term trusts to those states. Although establishing or relocating a trust to a state other than the grantor’s home state is not for every family, it is a planning technique that merits consideration by families with significant assets. The chart on pages 60-63 provides general information on the laws of all fifty states.  

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